MoneyU.S. & WorldInflation passes 4% for first time in three yearsAs Iran war resolution remains elusive, rising energy prices continue to drive up consumer costsPublished: June 11, 2026, 11:33 a.m. MDTSee More Deseret News Stories In SearchView 21 CommentsShareMiranda Hill and Grayson Hill grocery shop at a Walmart Supercenter in West Valley City on Friday, Oct. 31, 2025. Kristin Murphy, Deseret News By Art RaymondArt is an award-winning reporter who covers advanced industry and technology on the Deseret News' special projects team.Your browser does not support the audio element.Play audioNEW: Try Article AudioNEW: Try Article AudioAudio quality:|Skip back 15 secondsPlay audioSkip forward 15 seconds00:0000:00Decrease playback rate1.0xIncrease playback rate00:00/00:00Skip back 15 secondsPlay audioSkip forward 15 seconds-0.5x0.6x0.7x0.8x0.9x1.0x1.1x1.2x1.3x1.4x1.5x1.6x1.7x1.8x1.9x2.0x2.1x2.2x2.3x2.4x2.5x2.6x2.7x2.8x2.9x3.0x+KEY POINTSA new Labor Department report shows annual U.S. inflation rose to 4.2% in May.The inflation rate is the highest in three years.Rising energy costs drove 60% of the monthly increase.21CommentsdsRelatedHere’s what families in Utah and nationwide say about slumping U.S. economyJoin the ConversationLooking for comments?Find comments in their new home! Click the buttons at the top or within the article to view them — or use the button below for quick access.VIEW COMMENTS